by kramoltz@hotmail.com | Jun 5, 2017 | Home Buying, Mortgages + Lending, Selling Your Home
Educational docs/docs you may need after closing. Educational documents mainly are directed at the buyer/borrower, and most give information about the mortgage process. These contain info which may be useful and should be read. The loan related papers can generate...
by kramoltz@hotmail.com | Jun 2, 2017 | Mortgages + Lending
30 year mortgage rates fell below 4% last week to the lowest amount this year. And the 15 year rate was only 3.19%.
by kramoltz@hotmail.com | May 24, 2017 | Home Buying, Mortgages + Lending
The monthly amount necessary to acquire/own a home should be no more than around 28-30% of gross income. Include in this payment the monthly anticipated loan principle and interest, homeowners insurance, real estate taxes and association fees. To calculate that amount...
by kramoltz@hotmail.com | Mar 24, 2017 | Mortgages + Lending, Real Estate History
It would seem that the payment of a mortgage is a relatively recent activity historically. But lending has a long history, and may be as old as writing. For example, there is evidence of lending in Mesopotamia for grain purchases as far back as 3000 B.C.E. As to real...
by kramoltz@hotmail.com | Mar 7, 2017 | Home Buying, Home Ownership, Mortgages + Lending
Fannie Mae announced HomeStyle Energy mortgage program last year, to help borrowers finance energy and water upgrades to make their home more energy efficient when buying or refinancing a home. The loan makes buyer-owners eligible to receive up to 15% of the...
by kramoltz@hotmail.com | Feb 6, 2017 | Home Buying, Mortgages + Lending
In part 1, I showed how lack of awareness of low-down-payment mortgage options can discourage potential buyers from trying to purchase a home. Historically only 5% of the purchase price is enough. And one way to get there is a government sponsored down payment...
